The token of cryptocurrency gaming project Gala Games {{GALA}} fell sharply on Monday due to fears of a large transaction worth more than $200 million in GALA tokens, which traders perceived as a hacker attack.

On Monday, an unknown participant created 5 billion Gala tokens and sold them on the decentralized exchange Uniswap, according to blockchain explorers.

Representatives from Gala Games did not announce the activity in advance or provide a quick explanation on the project's Discord server, raising fears that the mass creation and sale of tokens was a hacker attack.

GALA fell to $0.039, down 19% from the day's high set just an hour earlier.